1.)Aleena rents a suite and pays $1010 in monthly rent in advance. What is the cash value of the property if money is worth 8.5% compounded monthly?

2.) Jean inherited $56,000, where the terms of the inheritance state that she is to receive $720 at the end of each month, starting in two years, until the money is completely withdrawn. If the money is placed in a savings account earning 9% compounded semi-annually, how long will the inheritancelast? State your answer in years and months(from 0 to 11months).

3.)A property development agreement valued at $60,000 requires semi-annual lease payments of $6,500. The first payment is due three years after the date of the agreement and interest is 6% compounded annually. For how long will payments bemade?